Goosehead Insurance, Inc (NASDAQ:GSHD) Announces Dividend Increase - $5.91 Per Share

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) announced a dividend on Thursday, January 9th,NASDAQ Dividends reports. Stockholders of record on Tuesday, January 21st will be given a dividend of 5.91 per share on Friday, January 31st. The ex-dividend date of this dividend is Tuesday, January 21st. This is a boost from Goosehead Insurance's previous dividend of $1.63.

Goosehead Insurance Stock Down 3.7 %

Shares of GSHD traded down $4.24 during trading hours on Friday, hitting $110.35. 257,742 shares of the company were exchanged, compared to its average volume of 196,176. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $4.10 billion, a PE ratio of 153.27, a PEG ratio of 2.97 and a beta of 1.41. The firm's 50 day moving average is $114.24 and its 200-day moving average is $96.02. Goosehead Insurance has a 52 week low of $50.47 and a 52 week high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million during the quarter, compared to analysts' expectations of $80.54 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Goosehead Insurance will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total transaction of $4,402,024.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Miller sold 58,327 shares of Goosehead Insurance stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total transaction of $6,428,801.94. Following the completion of the sale, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. This trade represents a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 38.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GSHD. BMO Capital Markets lifted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. TD Cowen increased their price objective on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada upped their target price on shares of Goosehead Insurance from $95.00 to $109.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Piper Sandler increased their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $99.20.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.